Darling Ingredients Inc. Announces Agreement to Bring First Regular Supply of Sustainable Aviation Fuel to Florida Through Diamond Green Diesel Joint Venture

IRVING, Texas, Sept. 25, 2024 /PRNewswire/ – Darling Ingredients Inc. (NYSE: DAR), the world's leading company turning food waste into sustainable products and a producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel Services and DHL Express. This agreement marks a significant step toward sustainable air transportation in Florida.

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Under the terms of the agreement, World Fuel Services (World Fuel), a World Kinect Company (NYSE: WKC), will deliver approximately 60 million gallons of blended SAF over two years, with 18 million gallons being neat SAF. This SAF, produced by Diamond Green Diesel, a joint venture between Valero and Darling Ingredients, will have at least 80% lower lifecycle greenhouse gas emissions compared to conventional jet fuel. This SAF will support DHL Express's emission-reduced air transportation services via DHL GoGreen Plus, with reductions passed on to customers as certificates.

"As we continue expanding Diamond Green Diesel's SAF sales, we're not only increasing market reach but also driving a shift toward a more sustainable energy landscape," said Randall C. Stuewe, Chairman and CEO. We are on track for DGD's SAF operations to begin in the fourth quarter, positioning DGD as the most profitable producer in the market.

With SAF expected to come online during the fourth quarter of 2024, the DGD Port Arthur plant will upgrade approximately 50% of its current 470 million gallon annual production capacity to SAF. Upon project completion, DGD will become one of the largest SAF manufacturers globally, reinforcing its commitment to both environmental and economic value.

About Darling Ingredients

A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) transforms material from the animal agriculture and food industries into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. Operating over 260 facilities in more than 15 countries, Darling Ingredients processes approximately 15% of the world's animal agricultural by-products and produces about 30% of the world's collagen. Follow us on LinkedIn.